Bill Clinton News

NAMIC to Host 106th Annual Convention in Washington, D.C.

The 106th annual convention of the National Association of Mutual Insurance Companies (NAMIC) will take place Sept. 23-26, 2001, at the Washington Hilton and Towers in Washington, D.C. The convention, expected to attract more than 1,700 participants, features a stellar …

Ingraham and Begala to be Featured at IIAA

Republican political observer Laura Ingraham and former Clinton White House Senior Adviser Paul Begala are feature commentators for a political discussion at the Independent Insurance Agents of America’s (IIAA) upcoming Hawaii InfoXchange. More than 2,000 insurance professionals are expected to …

Financial Services Integration: A Question of Privacy

Mailboxes throughout the West have been rapidly filling with literature outlining the “Privacy Policy” of virtually every organization that has ever taken a credit application. As the Gramm-Leach-Bliley Act (GLBA) takes hold, predictions of massive corporate mergers, acquisitions and blending …

Financial Services Integration: A Question of Privacy

Mailboxes throughout the West have been rapidly filling with literature outlining the “Privacy Policy” of virtually every organization that has ever taken a credit application. As the Gramm-Leach-Bliley Act (GLBA) takes hold, predictions of massive corporate mergers, acquisitions and blending …

IIAA Launches InsurBanc, Independent Insurance Agents to Offer Competitive Bank Products in Three States

The Independent Insurance Agents of America (IIAA) announced the launch of InsurBanc, a unique federal savings bank that consumers can access through their hometown-based independent insurance agents. As approved by the Office of Thrift Supervision (OTS), InsurBanc is authorized to …

Lloyd’s Calls Bankruptcy Bill Provision A Get Out of Jail Free Card

A special provision, added to the currently pending legislation in Congress to overhaul the U.S. Bankruptcy law, aims to prevent Lloyd’s from collecting debts from U.S. “Names”(individual Lloyd’s investors), who have alleged they were the victims of misrepresentation. Although the …

States Strive for Consistency in Complying with New Privacy Provisions

The 2001 state legislative sessions are off and running. Among the more pressing challenges this year for a number of insurance commissioners and lawmakers is reaching compliance with the privacy provisions of the Gramm-Leach-Bliley Act (GLBA) by a rapidly approaching …

Crop Insurance: A State of the Industry Report

Last year was an eventful one for the crop insurance industry with a new farm package including modifications such as an $8 billion subsidy package and a $7.1 billion bailout for farmers hurt by depressed crop prices. It was also …

IIAA Supports Bill to End Death Taxes

The Independent Insurance Agents of America expressed approval over the introduction in the U.S. House of Representatives of legislation to eliminate estate and gift taxes. IIAA is supporting the Death Tax Elimination Act introduced by Reps. Jennifer Dunn (R-Wash.) and …

Installment Sales Fix Reinstated

President Clinton signed legislation last week reinstating the installment sales method for accrual-basis taxpayers. Congress approved the measure Dec. 15, the last day of the legislative session. It was successfully navigated through the end-of-session legislative pitfalls by lead sponsors Rep. …